Gateway Wealth Partners LLC Takes Position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

Gateway Wealth Partners LLC purchased a new stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,935 shares of the company’s stock, valued at approximately $244,000. Gateway Wealth Partners LLC owned 0.07% of Capital Group Dividend Growers ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Group Private Client Services Inc. increased its position in shares of Capital Group Dividend Growers ETF by 8.3% during the first quarter. Capital Group Private Client Services Inc. now owns 1,469,800 shares of the company’s stock valued at $42,080,000 after buying an additional 113,234 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Capital Group Dividend Growers ETF by 312.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,162,475 shares of the company’s stock worth $33,072,000 after purchasing an additional 880,870 shares in the last quarter. Confluence Wealth Services Inc. grew its holdings in shares of Capital Group Dividend Growers ETF by 9.4% during the second quarter. Confluence Wealth Services Inc. now owns 998,782 shares of the company’s stock worth $28,415,000 after purchasing an additional 85,804 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Capital Group Dividend Growers ETF by 14.9% during the third quarter. Commonwealth Equity Services LLC now owns 994,625 shares of the company’s stock worth $30,555,000 after purchasing an additional 128,898 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Capital Group Dividend Growers ETF by 871.1% during the second quarter. Cetera Investment Advisers now owns 406,950 shares of the company’s stock worth $11,578,000 after purchasing an additional 365,042 shares in the last quarter.

Capital Group Dividend Growers ETF Trading Down 0.2 %

Shares of NYSEARCA CGDG opened at $30.64 on Wednesday. Capital Group Dividend Growers ETF has a 12 month low of $24.16 and a 12 month high of $31.08. The firm has a market capitalization of $355.42 million, a price-to-earnings ratio of 17.10 and a beta of 0.82. The business has a 50-day moving average of $30.44 and a 200-day moving average of $29.33.

About Capital Group Dividend Growers ETF

The Capital Group Dividend Growers ETF (CGDG) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects dividend-paying companies globally that are attractively valued and believed to provide dividend growth. It employs a multi-manager approach to portfolio management.